Question 1

Bank centered economies are characterized by _____.

Accepted Answer

A)  capital markets in which neither equity nor debt predominate 
B)  banks and other financial institutions playing the most significant role in the external capital market 
C)  families holding extensive stock in firms 
D)  groups of companies managing the use of internal capital as a replacement for external capital markets 
E)  government domination with poorly developed financial capital markets 
A)  capital markets in which neither equity nor debt predominate 
B)  banks and other financial institutions playing the most significant role in the external capital market 
C)  families holding extensive stock in firms 
D)  groups of companies managing the use of internal capital as a replacement for external capital markets 
E)  government domination with poorly developed financial capital markets B

Question 2

Discuss why a conglomerate may be a better organizational form in developing nations than it is in mature markets.

Accepted Answer

Conglomerates usually have relatively low-performing strategies. They have difficulty generating high returns and risk reduction benefits are hard to achieve. For these reasons, many conglomerates are downscoping, performing fewer activities around a common core, which makes sense for those in nations with, advanced economies. In developing economies, conglomerates have the advantage of an efficient internal capital market, which may substitute for the well-developed external capital markets in nations with advanced economies.

Question 3

The primary reason to make foreign investments includes all of the following except _____.

Accepted Answer

A)  efficiency 
B)  to sell products no longer viable in the United States 
C)  risk reduction 
D)  competitive countermoves 
E)  entry into new markets 
A)  efficiency 
B)  to sell products no longer viable in the United States 
C)  risk reduction 
D)  competitive countermoves 
E)  entry into new markets E

Question 4

Describe the model developed in Porter's Competitive Advantage of Nations.

Accepted Answer

According to Porter there are four chara

Question 5

The most important factor(s) in selecting international franchise partners is/are _____.

Accepted Answer

A)  financial strength 
B)  well established 
C)  operational experience 
D)  all of the above 
E)  none of the most important factors are listed in a-c 
A)  financial strength 
B)  well established 
C)  operational experience 
D)  all of the above 
E)  none of the most important factors are listed in a-c

Question 6

An international subsidiary whose responsibility is described as a global mandate will_____.

Accepted Answer

A)  have responsibility for an entire global business and not just one part of the value chain 
B)  belong to an interdependent network of subsidiaries, often in a production role 
C)  have very well-defined roles to play and little interdependence, i.e., a single country focus 
D)  have a commitment to expand the firm's products in markets around the world 
E)  have a budget to advertise the firm's product around the world 
A)  have responsibility for an entire global business and not just one part of the value chain 
B)  belong to an interdependent network of subsidiaries, often in a production role 
C)  have very well-defined roles to play and little interdependence, i.e., a single country focus 
D)  have a commitment to expand the firm's products in markets around the world 
E)  have a budget to advertise the firm's product around the world

Question 7

A firm pursuing an unrelated diversification strategy will expect _____.

Accepted Answer

A)  to fully integrate subsidiaries with each other 
B)  to operate subsidiaries largely independent of each other 
C)  to rely on strategic controls 
D)  to emphasize economies of scope 
E)  subsidiaries to be very small 
A)  to fully integrate subsidiaries with each other 
B)  to operate subsidiaries largely independent of each other 
C)  to rely on strategic controls 
D)  to emphasize economies of scope 
E)  subsidiaries to be very small

Question 8

In developing nations _____.

Accepted Answer

A)  related diversified firms perform best 
B)  similar results for highly diversified firms are found relative to the performance of diversified firms in mature markets 
C)  similar results for only slightly diversified firms are found relative to the performance of diversified firms in mature markets 
D)  conglomerate firms could be expected to perform better than in mature economies 
E)  owner/manager firms perform best 
A)  related diversified firms perform best 
B)  similar results for highly diversified firms are found relative to the performance of diversified firms in mature markets 
C)  similar results for only slightly diversified firms are found relative to the performance of diversified firms in mature markets 
D)  conglomerate firms could be expected to perform better than in mature economies 
E)  owner/manager firms perform best

Question 9

The term Triad regions refers to _____.

Accepted Answer

A)  United States, Mexico, Canada 
B)  North America, Europe, Pacific Rim 
C)  North America, Central America, South America 
D)  United States, Russia, China 
E)  countries that belong to the European Union 
A)  United States, Mexico, Canada 
B)  North America, Europe, Pacific Rim 
C)  North America, Central America, South America 
D)  United States, Russia, China 
E)  countries that belong to the European Union

Question 10

In Porter's Competitive Advantage of Nations, the concept of factor conditions is principally concerned with _____.

Accepted Answer

A)  cheap labor 
B)  demand for a given product around the world 
C)  how much land for agriculture is available in the nation 
D)  laborers with specific skills or training 
E)  relatedness between various industries in the nation 
A)  cheap labor 
B)  demand for a given product around the world 
C)  how much land for agriculture is available in the nation 
D)  laborers with specific skills or training 
E)  relatedness between various industries in the nation

Question 11

Forces at work to maintain the status quo are called _____.

Accepted Answer

A)  structural inertia 
B)  international activities 
C)  global integration 
D)  the domestic stage 
E)  international expansion 
A)  structural inertia 
B)  international activities 
C)  global integration 
D)  the domestic stage 
E)  international expansion

Question 12

The parts of the model in Porter's Competitive Advantage of Nations include all of the following except _____.

Accepted Answer

A)  factor conditions 
B)  substitutes 
C)  related and supporting industries 
D)  demand conditions 
E)  firm strategy, structure, and rivalry 
A)  factor conditions 
B)  substitutes 
C)  related and supporting industries 
D)  demand conditions 
E)  firm strategy, structure, and rivalry

Question 13

For a global strategy to be appropriate, the following conditions must be present except _____.

Accepted Answer

A)  there is a global market segment for a product or service 
B)  there are economic efficiencies associated with a global strategy 
C)  there are no external constraints such as government regulations to prevent a global strategy from being implemented 
D)  there are no absolute internal constraints 
E)  there are strong management teams in each country who can make the necessary decisions 
A)  there is a global market segment for a product or service 
B)  there are economic efficiencies associated with a global strategy 
C)  there are no external constraints such as government regulations to prevent a global strategy from being implemented 
D)  there are no absolute internal constraints 
E)  there are strong management teams in each country who can make the necessary decisions

Question 14

An example of a family centered economy is seen in _____.

Accepted Answer

A)  the United Kingdom 
B)  Korea 
C)  China 
D)  Germany 
E)  France 
A)  the United Kingdom 
B)  Korea 
C)  China 
D)  Germany 
E)  France

Question 15

Global strategies _____.

Accepted Answer

A)  focus on the satisfaction of segmented customer needs 
B)  apply only to consumer goods 
C)  entail handling product design, assembly, and marketing on a country by country basis 
D)  are similar to the best cost strategy pursued in a domestic market 
E)  produce one product design and market it similarly throughout the world 
A)  focus on the satisfaction of segmented customer needs 
B)  apply only to consumer goods 
C)  entail handling product design, assembly, and marketing on a country by country basis 
D)  are similar to the best cost strategy pursued in a domestic market 
E)  produce one product design and market it similarly throughout the world

Question 16

The forces that encourage structural inertia include all of the following except _____.

Accepted Answer

A)  structures 
B)  culture 
C)  barriers to entry and exit 
D)  internal politics 
E)  restructuring 
A)  structures 
B)  culture 
C)  barriers to entry and exit 
D)  internal politics 
E)  restructuring

Question 17

Stakeholder analysis internationally, when compared to that domestically, is _____.

Accepted Answer

A)  the same 
B)  much easier 
C)  much more difficult 
D)  a very different concept and not comparable 
E)  not done internationally 
A)  the same 
B)  much easier 
C)  much more difficult 
D)  a very different concept and not comparable 
E)  not done internationally

Question 18

Discuss the advice offered on how to become ready for what lies ahead in the hospitality industry.

Accepted Answer

a. Pay global attention
b. Unc

Question 19

The options for improving competitive position vis-à-vis cost leadership through a global strategy include the following except _____.

Accepted Answer

A)  cost reductions through foreign assembly or manufacturing 
B)  forcing an open, learning mindset 
C)  global sourcing 
D)  expanding the market leading to economies of scale 
E)  transfer of technological know-how through a joint venture (learning from competitors) 
A)  cost reductions through foreign assembly or manufacturing 
B)  forcing an open, learning mindset 
C)  global sourcing 
D)  expanding the market leading to economies of scale 
E)  transfer of technological know-how through a joint venture (learning from competitors)

Question 20

The country in which a manager is expected by most employees to have the exact answer to a question raised by a subordinate is _____.

Accepted Answer

A)  the United States 
B)  Denmark 
C)  Switzerland 
D)  Italy 
E)  Japan 
A)  the United States 
B)  Denmark 
C)  Switzerland 
D)  Italy 
E)  Japan

Bank centered economies are characterized by _____.

Discuss why a conglomerate may be a better organizational form in developing nations than it is in mature markets.

The primary reason to make foreign investments includes all of the following except _____.

Describe the model developed in Porter's Competitive Advantage of Nations.

The most important factor(s) in selecting international franchise partners is/are _____.

An international subsidiary whose responsibility is described as a global mandate will_____.

A firm pursuing an unrelated diversification strategy will expect _____.

In developing nations _____.

The term Triad regions refers to _____.

In Porter's Competitive Advantage of Nations, the concept of factor conditions is principally concerned with _____.

Forces at work to maintain the status quo are called _____.

The parts of the model in Porter's Competitive Advantage of Nations include all of the following except _____.

For a global strategy to be appropriate, the following conditions must be present except _____.

An example of a family centered economy is seen in _____.

Global strategies _____.

The forces that encourage structural inertia include all of the following except _____.

Stakeholder analysis internationally, when compared to that domestically, is _____.

Discuss the advice offered on how to become ready for what lies ahead in the hospitality industry.

The options for improving competitive position vis-à-vis cost leadership through a global strategy include the following except _____.

The country in which a manager is expected by most employees to have the exact answer to a question raised by a subordinate is _____.

Strategic Management

The Environment and External Stakeholders

Strategic Direction

Organizational Resources and Competitive Advantage

Strategy Formulation at the Business-Unit Level

Corporate-Level Strategy and Restructuring

Strategy Implementation Through Interorganizational Relationships and Management of Functional Resources

Strategy Implementation Through Organizational Design and Control

Strategies for Entrepreneurship and Innovation

Filters

Exam 10: Global Strategic Management and the Future

Bank centered economies are characterized by _____.

Discuss why a conglomerate may be a better organizational form in developing nations than it is in mature markets.

The primary reason to make foreign investments includes all of the following except _____.

Describe the model developed in Porter's Competitive Advantage of Nations.

The most important factor(s) in selecting international franchise partners is/are _____.

An international subsidiary whose responsibility is described as a global mandate will_____.

A firm pursuing an unrelated diversification strategy will expect _____.

In developing nations _____.

The term Triad regions refers to _____.

In Porter's Competitive Advantage of Nations, the concept of factor conditions is principally concerned with _____.

Forces at work to maintain the status quo are called _____.

The parts of the model in Porter's Competitive Advantage of Nations include all of the following except _____.

For a global strategy to be appropriate, the following conditions must be present except _____.

An example of a family centered economy is seen in _____.

Global strategies _____.

The forces that encourage structural inertia include all of the following except _____.

Stakeholder analysis internationally, when compared to that domestically, is _____.

Discuss the advice offered on how to become ready for what lies ahead in the hospitality industry.

The options for improving competitive position vis-à-vis cost leadership through a global strategy include the following except _____.

The country in which a manager is expected by most employees to have the exact answer to a question raised by a subordinate is _____.

Strategic Management

The Environment and External Stakeholders

Strategic Direction

Organizational Resources and Competitive Advantage

Strategy Formulation at the Business-Unit Level

Corporate-Level Strategy and Restructuring

Strategy Implementation Through Interorganizational Relationships and Management of Functional Resources

Strategy Implementation Through Organizational Design and Control

Strategies for Entrepreneurship and Innovation

Filters